Greater Kansas City
Navigating Complex Large Loss Claims
A new claim arrives on your desk. It is one of your companies’ biggest policyholders with damages being reported across multiple states at almost 100 locations. The damages at each location include structures, inland marine, commercial auto, business personal property, stock, and other items covered by 10+ lines of coverage. What do you do next?
After a claim hits a certain size, adjusting the claim becomes a complex process of claim management and reporting. Many times, an adjuster can be overwhelmed and get lost in the weeds understanding how to tackle a claim of this magnitude. The amount of communication with the policyholder, agent, contractors, re-insurance, carrier management, and other involved parties can be extremely time consuming. Often times, delays or mistakes in the claim process can cause extensive delays and frustrations for the policyholder. In this CE, Bradley Stephens, the CEO and Executive General Adjuster at Vector Risk Solutions will be teaching us the in’s and out’s of navigating a complect large loss claim. He will review topics such as experts, mitigation, contractors, reserves, coverage, re-insurance, and much more.
Bradley Stephens is CEO of Vector Risk Solutions and a well-respected Executive General Adjuster that has been appointed by multiple carriers to handle large loss and complex claims with exposures that at times are close to $1,000,000,000 and have had indemnity amounts in excess of $40,000,000 across extensive lines of coverage.